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A $9 million Quantum leap in research funding.

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A $9 million Quantum leap in research funding

Senator the Hon Richard Alston Minister for Communications, Information Technology and the Arts

Senator the Hon Nick Minchin Minister for Industry, Science and Resources

Dr David Kemp MP Minister for Education, Training and Youth Affairs

Mr John Moore MP Minister for Defence

The Australian Research Council Special Research Centre for Quantum Computer Technology was today presented with a cheque for $9 million by the Minister for Communications, Information Technology and the Arts, Senator Richard Alston, the Minister for Education, Training and Youth Affairs, Dr David Kemp, the Minister for Defence, Mr John Moore and the Minister for Industry, Science and Resources, Senator Nick Minchin.

Quantum technology is widely regarded as the next great breakthrough in computer technology, and the Centre is recognised as leading the highly competitive global race to build the world's first Quantum computer prototype.

The Commonwealth Government's continued support of leading edge research and development (R&D) recognises that quantum computer technology has immense implications for Australian industry-in education, defence and the growth of the new economy-and this funding will help the Centre accelerate its world-beating research in this field.

The Ministers said this is a very significant project for Australia because it demonstrates our world-class innovation in the key IT sector.

The Government has already provided significant financial support and encouragement to the Centre through Australian Research Council (ARC) programs, recently enabling the researchers to make a major technical

breakthrough which could allow them to make a simple prototype quantum computer in 12 months, rather than four years.

Today's $9m injection enables the Centre to build on this work and maintain their commercially significant position.

Quantum computing technology is likely to have a major impact on national security- projections indicate that quantum computers will make existing encryption technology obsolete.

The Ministers said that considerable economic benefits will accrue to Australia from manufacture of sub-components, flows of royalties, dividends and licence fees, but most importantly, potential new R&D and software development associated with the Centre's work.

The Centre comprises teams from the University of New South Wales, the University of Melbourne, the University of Queensland, and has formal links to the Los Alamos National Laboratory in the United States of America.

Media contact: Sasha Grebe, Senator Alston's office, 02 6277 7480 Catherine Job, Dr Kemp's office, 02 6277 7460 Chris Wordsworth, Mr Moore's office, 02 6277 7800 Carolyn Coleman, Senator Minchin's office, 02 6277 7580

29 November 2000

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